- Casino
- By State
- Alabama
- Alaska
- Arizona
- Arkansas
- California
- Colorado
- Connecticut
- Delaware
- Georgia
- Florida
- Hawaii
- Idaho
- Illinois
- Indiana
- Iowa
- Kansas
- Kentucky
- Louisiana
- Maine
- Massachusetts
- Maryland
- Michigan
- Minnesota
- Mississippi
- Missouri
- Montana
- Nebraska
- Nevada
- New Hampshire
- New Jersey
- New Mexico
- New York
- North Carolina
- North Dakota
- Ohio
- Oklahoma
- Oregon
- Pennsylvania
- Rhode Island
- South Carolina
- South Dakota
- Tennessee
- Texas
- Utah
- Vermont
- Virginia
- Washington
- West Virginia
- Wisconsin
- Wyoming
- By State
- Slots
- Poker
- Sports
- Esports
New Zealand: TAB Releases August Results, Sees Revenue Dip

The statutory body that offers betting services to residents in New Zealand, TAB New Zealand, released its trading update covering the performance in August this year.
TAB Gross Betting Revenue in August Down on Budget by 6%
Acknowledging the ongoing impact of the COVID-19 pandemic and continuing soft economic conditions, the operator revealed that its performance in August 2022 did not improve when compared to previous periods. In fact, the results marked another month with declining trends that started back in April this year. Overall, TAB New Zealand’s gross betting revenue (GBR) was down in August to NZ$31.5 million ($17.8 million). This marked a decrease of NZ$2.0 million ($1.1 million) or 6% on budget.
“In August, the first month of the 2022/23 financial year, key performance results for TAB NZ were slightly down on the overall positive trends of the previous financial year. Turnover of $197.9m was 5.8% ($12.3m) below budget. GBR of $31.5m was down on budget by 6.0% ($2.0m) and GBM of 15.9% was 0.1 percentage points below budget,“
reads a statement released by TAB New Zealand
Not unexpectedly, the result in August was impacted in terms of gross betting margin (GBM). In August, GBM halted at 15.9% or 0.1% below budget, according to TAB New Zealand. Similarly, the operator reported a decline in turnover. The overall turnover in August was NZ$197.9 million, down NZ$12.3 million ($7 million) or 5.8% below budget.
According to data released by TAB New Zealand, the average thoroughbred starters per race during august hit 10.3. This marked a slight decrease when compared to the FY22 average which was 10.6. The operator did acknowledge that it recorded a peak turnover of NZ$2.4 million ($1.36 million) during the Waikato Stud Foxbridge Plate Raceday event at Te Rapa on August 27.
Pandemic Restrictions Impact TAB’s Performance
The monopoly for New Zealand’s sports betting market acknowledged that multiple factors impacted its performance in August. Such factors included the mask restrictions introduced due to the ongoing COVID-19 pandemic. This, according to TAB, discouraged some visitors from accessing retail venues.
“A combination of ongoing factors have contributed to August’s result, including the continuing soft economic conditions that impact our customers’ discretionary spend, mask restrictions in retail venues through the month deterring a section of customers from visiting, and race meetings being abandoned due to weather,“
explained TAB
Additionally, the monopoly acknowledged that some race meetings did not take place due to weather conditions. Still, the monopoly outlined that despite the spread of Omicron, New Zealand remained at the Orange level, which allowed it to continue operating its retail outlets.
Related Topics:
Jerome brings a wealth of journalistic experience within the iGaming sector. His interest in the industry began after graduating from college, where he regularly participated in local poker tournaments. This exposure led him to the growing popularity of online poker and casino rooms. Jerome now channels all the knowledge he's accrued to fuel his passion for journalism, providing our team with the latest scoops online.
Must Read
Sports
August 29, 2025
PointsBet Backs MIXI as Takeover Battle Nears Deadline
Sports
August 29, 2025
Sports Betting Alliance Blasts Illinois’ Dysfunctional Tax
More Articles
Sports
September 4, 2025
UFC Fight Nights Heads to Galaxy Arena for 2026-2029 Series
Sports
September 4, 2025
Gambling Isn’t Bad If Done Responsibly, Says Leading US Trade Group
Sports
September 4, 2025
Juventus vs. Inter Milan 2025-26 Serie A Odds, Time, and Prediction
Business
September 4, 2025
Polymarket Cleared to Relaunch US Prediction Market
Industry
September 4, 2025
Report Shows Rise in Youth Gambling and Gaming in BC
Sports
September 3, 2025
Paddy Power Teams Up with the NFL in the UK and Ireland
Sports
September 3, 2025
Watchdogs Align Ad Rules for UK and Foreign Gambling Companies
Sports
September 3, 2025
2025 Enjoy Illinois 300 NASCAR Odds, Time, and Prediction
Casino
September 3, 2025
Dutch Gambling Licences to Require Operator Exit Plans
Industry
September 3, 2025
Illinois Bettors See New Fees as Sportsbooks React to Tax Law
Sports
September 2, 2025
Diego Lopes vs. Jean Silva Noche UFC 3 Odds, Time, and Prediction
Industry
September 2, 2025
Norsk Tipping Faces Penalty Due to Long-Running Lottery Mistake